ENGIBEX
ActiveSummary
ENGIBEX has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.86M and a net result of €1.38M. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 55% of 1936 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+9
Solvency74▲+4
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €150k at 30 days acceptable
Liquidity ample (current ratio 1.95 against 1.81 in 2023; short-term debt: 51.3% and cash: 29.5% of total assets), but 51.3% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
48.7%
Return on assets
36.2%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-07-2025, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
9 d early
2023
2 d early
2022
5 d early
2021
26 d late
2020
40 d early
2019
4 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€1.86M▲ 25.5%
2023 · €1.48M
Total assets
€3.81M▲ 15.8%
2023 · €3.28M
Net result
€1.38M▲ 137%
2023 · €581k
Working capital
€1.85M▲ 26.3%
2023 · €1.46M
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€835k▼ 23.0%€1.21M▲ 44.9%€941k▼ 22.2%€767k▼ 18.6%€1.72M▲ 125%
Net result€630k▼ 22.7%€950k▲ 50.7%€734k▼ 22.7%€581k▼ 20.8%€1.38M▲ 137%
Equity€1.71M▼ 26.6%€1.86M▲ 8.7%€1.90M▲ 1.8%€1.48M▼ 22.1%€1.86M▲ 25.5%
Total assets€3.53M▲ 15.2%€3.27M▼ 7.4%€3.27M▲ 0.1%€3.28M▲ 0.5%€3.81M▲ 15.8%
Debt€1.82M▲ 149%€1.40M▼ 22.7%€1.37M▼ 2.2%€1.81M▲ 31.6%€1.95M▲ 8.0%
Working capital€1.70M▼ 26.5%€1.85M▲ 8.4%€1.89M▲ 2.0%€1.46M▼ 22.4%€1.85M▲ 26.3%
Staff (FTE)44▲ 1.6%46.1▲ 4.8%49.5▲ 7.4%50.6▲ 2.2%61.4▲ 21.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 125% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.81M
Fixed assets
€6k ▼ 56.7%
Current assets
€3.80M ▲ 16.2%
Equity and liabilities €3.81M
Equity
€1.86M ▲ 25.5%
Debt
€1.95M ▲ 8.0%
Debt's share of the balance-sheet total falls from 55.0% to 51.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.72M▲
2023 · €770k
Cash flow
€1.38M▲
2023 · €585k
Current ratio
1.95▲
2023 · 1.81
Debt to equity
1.05▼
2023 · 1.22
ROE
74.2%▲
2023 · 39.3%
ROA
36.2%▲
2023 · 17.7%
Interest coverage
19.14▲
2023 · 16.47
Debt ≤ 1 year
€1.95M▲
2023 · €1.81M
Income taxes
€355k▲
2023 · €170k
Staff costs
€4.80M▲
2023 · €4.05M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €8k | €410 | ▼ 95.0% |
| Remuneration, social security and pensions62 | - | €3.28M | €3.66M | €4.05M | €4.80M | ▲ 18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €4k | €4k | €3k | €2k | ▼ 32.8% |
| Other operating charges640/8 | - | €15k | €12k | €2k | €2k | ▲ 11.8% |
| Gross operating margin9900 | €3.74M | €4.51M | €4.62M | €4.82M | €6.52M | ▲ 35.2% |
| Operating profit (loss)9901 | €835k | €1.21M | €941k | €767k | €1.72M | ▲ 125% |
| Financial income75/76B | - | €3k | €19k | €32k | €101k | ▲ 218% |
| Recurring financial income75 | €3k | €3k | €19k | €32k | €101k | ▲ 218% |
| Financial charges65/66B | - | €29k | €34k | €47k | €90k | ▲ 92.6% |
| Recurring financial charges65 | €27k | €29k | €34k | €47k | €90k | ▲ 92.6% |
| Profit (loss) for the period before taxes9903 | €811k | €1.19M | €927k | €752k | €1.73M | ▲ 130% |
| Income taxes67/77 | €181k | €236k | €193k | €170k | €355k | ▲ 109% |
| Profit (loss) for the period9904 | €630k | €950k | €734k | €581k | €1.38M | ▲ 137% |
| Transfer from tax-exempt reserves789 | - | €118k | €155k | €178k | €0 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €823k | €1.07M | €889k | €759k | €1.38M | ▲ 81.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.53M | €3.27M | €3.27M | €3.28M | €3.81M | ▲ 15.8% |
| Fixed assets21/28 | €8k | €14k | €11k | €14k | €6k | ▼ 56.7% |
| Intangible fixed assets21 | €1k | €637 | €0 | - | - | - |
| Tangible fixed assets22/27 | €6k | €7k | €6k | €9k | €1k | ▼ 86.6% |
| Furniture and vehicles24 | - | €7k | €6k | €9k | €1k | ▼ 86.6% |
| Financial fixed assets28 | €2k | €7k | €5k | €5k | €5k | = |
| Current assets29/58 | €3.52M | €3.25M | €3.26M | €3.27M | €3.80M | ▲ 16.2% |
| Amounts receivable within one year40/41 | €980k | €1.21M | €1.30M | €1.76M | €1.78M | ▲ 1.5% |
| Trade receivables40 | - | €1.21M | €1.28M | €1.71M | €1.74M | ▲ 1.9% |
| Other amounts receivable41 | - | €4k | €17k | €49k | €44k | ▼ 11.5% |
| Current investments50/53 | - | €328k | €575k | €987k | €850k | ▼ 13.9% |
| Cash at bank and in hand54/58 | €2.52M | €1.67M | €1.31M | €491k | €1.12M | ▲ 129% |
| Deferred charges and accrued income490/1 | - | €36k | €73k | €36k | €42k | ▲ 17.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.53M | €3.27M | €3.27M | €3.28M | €3.81M | ▲ 15.8% |
| Equity10/15 | €1.71M | €1.86M | €1.90M | €1.48M | €1.86M | ▲ 25.5% |
| Contributions10/11 | €100k | €100k | €100k | €100k | €100k | = |
| Capital10 | - | €100k | €100k | €100k | €100k | = |
| Issued capital100 | - | €100k | €100k | €100k | €100k | = |
| Reserves13 | €1.61M | €1.76M | €1.80M | €1.38M | €1.76M | ▲ 27.3% |
| Non-distributable reserves130/1 | - | €10k | €10k | €10k | €10k | = |
| Legal reserve130 | - | €10k | €10k | €10k | €10k | = |
| Tax-exempt reserves132 | - | €333k | €178k | €0 | - | - |
| Distributable reserves133 | - | €1.42M | €1.61M | €1.37M | €1.75M | ▲ 27.5% |
| Profit (loss) carried forward14 | €805 | €1k | €174 | €9 | €0 | ▼ 100% |
| Amounts payable17/49 | €1.82M | €1.40M | €1.37M | €1.81M | €1.95M | ▲ 8.0% |
| Amounts payable within one year42/48 | €1.82M | €1.40M | €1.37M | €1.81M | €1.95M | ▲ 8.0% |
| Trade debts44 | €91k | €116k | €195k | €234k | €262k | ▲ 11.7% |
| Suppliers440/4 | - | €116k | €195k | €234k | €262k | ▲ 11.7% |
| Taxes, remuneration and social security45 | - | €488k | €478k | €572k | €689k | ▲ 20.3% |
| Taxes450/3 | - | €75k | €55k | €62k | €95k | ▲ 52.5% |
| Remuneration and social security454/9 | - | €413k | €423k | €510k | €594k | ▲ 16.4% |
| Other amounts payable47/48 | - | €800k | €700k | €1.00M | €1.00M | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €630k | €950k | €734k | €581k | €1.38M | ▲ 137% |
| + Depreciation and write-downs630 | €6k | €4k | €4k | €3k | €2k | ▼ 32.8% |
| Operating cash flow (approximation) | €637k | €954k | €738k | €585k | €1.38M | ▲ 136% |
| Investment in fixed assets (approximation) | - | €-10k | €-1k | €-6k | €6k | ▲ 194% |
| Change in cash | - | €-848k | €-359k | €-824k | €632k | ▲ 177% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2025
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €1.38M ▲137%
Operating result €1.72M, net result €1.38M, both a record.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €581k ▼20.8%
Net result drops to €581k, the lowest in the series; recovery starts the following year.
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 26 days late
2021
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
04-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 4 days late
2019
31-12
Financial
Equity above €2MEq €2.33M ▲28.4%
2 profitable years in a row build equity to €2.33M.
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
14-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
12-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
16-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Watermaal-Bosvoorde · 1 establishment unit since 2011
Ground area
7,608 m²
Building footprint
1,019 m²
Volume, LiDAR
29,191 m³
Parcel 21652E0042/00H002, Brussels · tallest building 35.8 m, ±10 floors. Linked by address, not a title deed.
173
companies at this address
See who is registered here
1 establishment unit
Engibex
since 20112.215.442.485
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21652E0042/00H002 | Brussels | 7,608 m² | 1 · 1,019 m² | 35.8 m · 10 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 11,571 companies in sector 71121 we hold annual accounts for 6,561. 2,467 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded22-09-2011
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
Contact
Website
www.engibex.be
E-mail
info@engibex.be
Scores and ratios are computed by Checked and are not a credit decision.